MasTec (NYSE:MTZ) Accounts Receivable

: $1,058 Mil (As of Sep. 2022)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. MasTec's accounts receivables for the quarter that ended in Sep. 2022 was $1,058 Mil.

Accounts receivable can be measured by Days Sales Outstanding. MasTec's Days Sales Outstanding for the quarter that ended in Sep. 2022 was 38.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. MasTec's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $-52.70.

MasTec Accounts Receivable Historical Data

The historical data trend for MasTec's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MasTec Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

1,007.00

687.60

850.30

784.50

1,019.30

MasTec Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Accounts Receivable																957.00	1,019.30	902.50	1,014.62	1,057.50

MasTec Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

MasTec Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

MasTec's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1057.5	/	2513.484	*	91
=	38.39

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), MasTec's accounts receivable are only considered to be worth 75% of book value:

MasTec's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(95.676	+	0.75 * 1057.5	+	0.5 * 127.546	-	4929.15
-	0	-	4.44)	/	75.5346
=	-52.70

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

MasTec Accounts Receivable Related Terms

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MasTec (NYSE:MTZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (NYSE:MTZ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

MY8:Germany MY8:Germany

Address

800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134

Website

http://www.mastec.com

MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. Its principal activities include engineering, building, installation, maintenance, and upgrades of communications, energy, and utility infrastructure. The company installs wireless, wireline, and satellite communications; oil and gas pipeline infrastructure; conventional and renewable power generation; and other industrial systems. MasTec has five operating segments: Communications, Oil and Gas, Power Delivery, Clean Energy and Infrastructure, and Others. The majority of its revenue is derived from the Communications segments. The company markets services individually and in combination with other companies to provide a wide range of solutions for customers.

Executives

Parker Ava L	director	1469 HARRINGTON PARK DRIVE JACKSONVILLE FL 32225
Palomarez Javier Alberto	director	3405 PINNEY POINT DRIVE FLOWER MOUND TX 75022
Pita George	officer: CFO	3000 NW 107TH AVENUE MIAMI FL 33172
Restrepo Daniel A	director	C/O MASTEC, INC. 800 S. DOUGLAS RD., 12TH FLOOR CORAL GABLES FL 33134
Harris Ray	officer: President	800 DOUGLAS ROAD 12TH FLOOR - MASTEC CORAL GABLES FL 33134
Apple Robert E	officer: Chief Operations Officer	800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
De Cardenas Alberto I	officer: Executive Vice President	800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES X1 33134
Csiszar Ernst N	director	2600 S RIVER ROAD DES PLAINES IL 60018
Floerke Gregory Scott	officer: Chief Operations Officer	C/O MARKWEST ENERGY PARTNERS, L.P. 1515 ARAPAHOE STREET, TOWER 1, SUITE 160 DENVER CO 80202
Dwyer Robert J	director	880 SOUTH OCEAN BOULEVARD PALM BEACH FL 33480
Campbell C Robert	officer: EVP & CFO	800 DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
De Cespedes Carlos M	director	3075 NW 107TH AVE MIAMI FL 33172
Jaumot Frank E	director	190 SE 19TH AVENUE POMPANO BEACH FL 33060
Nearing Michael	officer: General Counsel and EVP	800 DOUGLAS ROAD 12TH FL CORAL GABLES FL 33134
Hudson Sherrill W	director	201 SOUTH BISCAYNE BOULEVARD 34TH FLOOR, MIAMI CENTER MIAMI FL 33131